UEMS

1.210

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") PROPOSED DIVESTMENT OF PROPERTY LOCATED AT 412 ST KILDA ROAD IN MELBOURNE, AUSTRALIA TO ACME CO. NO 4 PTY LTD (ACN 631 209 526) ("PURCHASER"), A TRUSTEE FOR RECAP V MANAGEMENT NO. 5 TRUST FOR A TOTAL CASH CONSIDERATION OF AUD$107,088,888 ("PROPOSED DIVESTMENT")

UEM SUNRISE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")

PROPOSED DIVESTMENT OF PROPERTY LOCATED AT 412 ST KILDA ROAD IN MELBOURNE, AUSTRALIA TO ACME CO. NO 4 PTY LTD (ACN 631 209 526) ("PURCHASER"), A TRUSTEE FOR RECAP V MANAGEMENT NO. 5 TRUST FOR A TOTAL CASH CONSIDERATION OF AUD$107,088,888 ("PROPOSED DIVESTMENT")

We refer to the announcements dated 12 and 13 November 2019 in relation to the Proposed Divestment (“Announcements”). Unless otherwise stated, the abbreviations and definitions used herein shall have the same meaning as the Announcements.

 

The Company wishes to announce that the Proposed Divestment is completed on 24 December 2019 upon the full settlement of the balance Price Consideration in accordance with the terms of the Contract of Sale.

 

This announcement is dated 24 December 2019.






Announcement Info

Company Name UEM SUNRISE BERHAD
Stock Name UEMS
Date Announced 24 Dec 2019
Category General Announcement for PLC
Reference Number GA1-24122019-00059